Friday, 8 May 2026
Hubix announces the entry into partnership with Alber Holding for the development of the first phase of City of Mara Forum, a mixed-use project located in Timisoara, at the intersection of Calea Aradului – Calea Torontalului, in the immediate vicinity of Iulius Town.
Through this association, Hubix enters the project as an investor and strategic partner, contributing capital and commercial expertise and will hold a 20% stake in the first phase of the project’s development.
The first stage of City of Mara Forum has a development value of over EUR 20 million, with the entire complex having an estimated development value of over EUR 100 million. Phase 1 includes 91 residential units, commercial and service spaces, approximately 191 underground parking spaces and share-parking functions for residents and users of the area. Construction began in March 2026, and the completion of the first phase is estimated for Q4 2027.
City of Mara Forum is part of a larger urban project developed by Alber Holding under the City of Mara brand. Developed on an area of approximately 1.5 hectares, the complex includes four residential buildings, street mall-type spaces and services of approximately 4,600 sqm, as well as an international hotel component (Hampton by Hilton).
Daniel Tudor, Founding Partner & Chief Investment Officer of Hubix, states: “City of Mara Forum is exactly the type of project we want to be present in: strong partner, validated location, liquid product and an urban structure that does not depend on a single source of demand. We are not entering into a project that has to invent an area, but into a project located near the strongest economic pole in Timisoara. For us, the investment logic is very clear: association with a developer with history, in a location with demonstrable demand and in a product that can work both for sale and for rent.”
